New Details about Beyonce Deal with Netflix

New Details about Beyonce Deal with Netflix

Two days after the highly-anticipated Beyonce documentary Homecoming was released on the Netflix, new details about her deal with the streaming service was released.

Homecoming is the first film in a three-project deal, which is worth a whopping $60 million, according to Variety, amid her fans’ fury after believing Ariana Grande was paid twice as much as her for Coachella.

Netflix has been shelling out big bucks in new overall deals with content creators, with Ryan Murphy ($250 million), Shonda Rhimes ($100 million), Dave Chappelle ($60 million) and Chris Rock ($40 million).

Beyonce is credited as the writer, director and executive producer on Homecoming, which goes behind-the-scenes of her iconic performance at Coachella in 2018.

The documentary itself is said to have cost $20 million to produce, though neither Beyonce’s team nor Netflix commented.

There was a source at Netflix who disputed the financial details of the deal, but another report indicates the movie almost landed somewhere else.

A report from Vulture claims that Beyonce’s team was engaged in discussions to air the Homecoming documentary on HBO.

While HBO and Beyonce’s team didn’t comment, sources claimed the pay cable network was interested, but Netflix came through with a bigger offer.

HBO reportedly couldn’t justify spending so much on the documentary, despite previously airing her 2016 special Lemonade and her 2013 documentary Life Is But a Dream and the concert special On the Run.

After the release of Homecoming on Netflix, Beyonce also had another surprise for fans, a 40-track Homecoming album.

The album featured two bonus tracks, Before I Let Go, and I Been On, the former of which is a cover of Frankie & Beverly Maze’s track featured on the closing credits.

The latter track is an updated version of a song Bey uploaded to Soundcloud in 2013.

As for the other two projects as part of this $60 million deal with Netflix, those have not been announced, and it isn’t clear if Beyonce will direct those too.

The streaming service recently announced that they have added a whopping 9.6 million subscribers to their service in the first quarter of 2019.

Despite a recent price increase, the massive jump in subscribers, bringing its global total to 148.9 million, is the biggest jump for a single quarter in company history.

However, the new information comes after thee was a social media furore from Beyonce fans believing that Ariana Grande was paid twice as much as their beloved Queen Bey with some even calling it ‘white privilege’.

But those fans will be happy to know that the two megastars were actually paid the exact same.

Beyonce, 37, and the 25-year-old Grande both signed contracts worth $8million ($4million per weekend) to headline the Coachella Valley Music and Arts Festival according to a Friday report from The Blast.

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